COP27… Conference of the Parties of the UNFCCC

Posted by: Karun Tyagi

The devastating effects of climate change are growing more common and severe as the climate shifts near tipping point. According to the most recent report from the IPCC, approximately 3.3 billion people currently live in locations where they are extremely susceptible to the effects of climate change. The most vulnerable communities, which are also the least accountable for climate change and have the fewest resources available to adapt to the repercussions of climate change, will continue to be on the front line.

Every year, the United Nations holds climate conferences in order to get governments to reach an agreement on how to prevent the rise in average world temperatures. The term COP, which stands for “Conference of the Parties,” is used to refer to these gatherings. The participating nations are known as the parties, and they are the ones who signed the initial United Nations climate pact back in 1992.The Conference of the Parties (COP27) is the 27th annual UN gathering on climate. From November 6th through November 18th, it will be held in Sharm el-Sheikh.

The most recent of these, known as COP26, took place in the month of November 2021 in the city of Glasgow in Scotland. It brought together approximately 200 countries’ delegates and 120 of the world’s most influential leaders. It resulted in the Glasgow Climate Pact, which underlined the objective of the Paris Agreement from 2015, which was to “keep the increase in the global average temperature to well below 2°C over pre-industrial levels and pursue measures to restrict it to 1.5°C.”

The focus of COP27 will be on these four primary areas:

  • Bringing down emissions
  • Assisting nations in adapting to and coping with the effects of climate change
  • Obtaining financial and technical help for developing countries in order to carry out these operations
  • the full and active participation of all relevant stakeholders

Some issues that were not completely resolved or discussed during COP26 will be revisited, including the following:

  • Loss and damage finance that will be used to assist nations in recovering from the effects of climate change, as opposed to simply preparing for it.
  • Establishment of a global carbon market with the goal of including the costs of emissions into the global marketplace for goods and services
  • Increase the level of commitment shown to reduce the use of coal

Five crucial issues to keep an eye on during COP27: nature, food, water,  industry decarbonisation and Climate adaptation

Source:https://www.weforum.org/agenda/2022/10/cop27-why-it-matters-and-5-key-areas-for-action/

Source:https://www.bbc.com/news/science-environment-63316362

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